Wall Street loves Obama

Posted by Al Lewis on May 07, 2012
Washington

People who say President Obama is anti-Wall Street don’t understand how the revolving door between Big Business and Washington works.

Newsweek is about to detail this for those who don’t still get it. Click here to read the details in The Daily Beast. If you’ve wondered why so  few Wall Street titans have gone to prison, or why so little has been done to stop the foreclosure crisis, Newsweek is spelling it all out.

Anybody running for president needs two things denominated in the millions: Dollars and votes. The way to accumulate both of these things is to publicly say denigrating things about Wall Street and Big Business, for the benefit of the voters, while privately telling the fat cats you will protect them.

So far, Obama has proven better at this game than any Republican. For all the hype about our president being a socialist, he is clearly a better capitalist than his critics.

Good luck, Mitt Romney. You’ve got keen competition. Maybe you should be the Democrat.

6 Comments to Wall Street loves Obama

A TRUE American, born & raised
May 7, 2012

The rest of us however, NOT-SO-MUCH…

TanMan
May 7, 2012

Although Obama is a two-faced liar, Romney is absolutely scary. (And need I point out that he believes his holy book was written by aliens?)

Yet again we’re being given a choice between a bad candidate and a worse candidate. It almost makes me want to vote for Ron Paul.

Almost.

Al Lewis
May 7, 2012

Thanks, TanMan. Fixed the link. Appreciate the heads up.

mel shapiro
May 7, 2012

Wall St campaign contributions are 10-1 for Republican party

the guitarist...
May 7, 2012

‎*President Term Open Close Change Pct. Change

*Obama 2009-12 7,949.09 13008.53 5059.44 63%

*Bush 2005-09 10,471.47 7,949.09 -2,522.38 -24%

*Bush 2001-05 10,587.59 10,471.47 -116.12 -1%

*Clinton 1997-01 6,843.87 10,587.59 3,743.72 55%

*Clinton 1993-97 3,241.95 6,843.87 3,601.92 111%

*Bush 1989-93 2,235.36 3,241.95 1,006.59 45%

*Reagan 1985-89 1,227.36 2,235.36 1,008.00 82%

*Reagan 1981-85 946.25 1,227.36 281.11 30%

*Carter 1977-81 959.03 946.25 -12.78 -1%

*Ford 1974-77 777.30 959.03 181.73 23%

*Nixon 1972-74 849.95 777.30 -72.65 -9%

yep, noticing the trend you allude….

dyg4
May 8, 2012

nice claim, but here is your facts?